NEW YORK, In a significant move for the investment community, MSCI Inc., a leading figure in the global investment decision-making tools and services sector, has announced its extended collaboration with Google Cloud. With the objective to expedite the creation of generative AI solutions tailored for the investment industry.
Powered by the formidable combination of Google Cloud’s generative AI platform Vertex AI and its advanced climate technology suite, which includes BigQuery Geospatial and Earth Engine, MSCI aims to empower its clients to better understand, navigate, and exploit portfolio risks and opportunities.
This ambitious partnership will hinge on three strategic pillars:
- Risk Signal Enhancement: MSCI, tapping into Google Cloud’s generative AI prowess, will meld its unique data and analytical tools to offer a holistic view of risks at both the portfolio and enterprise levels. This innovation aims to drastically cut down the time investors spend analyzing, enabling them to glean actionable insights swiftly. This not only makes it feasible for risk managers to swiftly act on large volumes of risk signals but also augments collaboration between risk and portfolio management teams, resulting in sturdier portfolios.
- Revolutionizing Conversations with AI: Aiming to redefine client interaction, MSCI’s new AI conversational tool, backed by Google Cloud’s gen AI, will employ natural language processing. This will allow it to mimic human speech patterns, promptly answering queries and revealing crucial data about portfolios and MSCI’s diverse range of tools, models, and solutions.
- Tackling Climate Change Head-On: With a shared vision for a greener future, both MSCI and Google Cloud are set to exploit the power of Google’s generative AI technologies to help investors gauge and mitigate portfolio exposure to climate risks, while simultaneously spotlighting low carbon investment avenues. This initiative promises investors a streamlined process to decipher and articulate a wide array of climate exposures spanning different asset classes.
Henry Fernandez, Chairman and CEO of MSCI, expressed his optimism, “The AI revolution has significantly raised the bar in terms of corporate and investor expectations. Our deepened association with Google Cloud will not only keep MSCI at the cutting edge of data technology but also unveil groundbreaking solutions for investors aiming to lower their carbon footprints.”
Echoing the sentiment, Jigar Thakkar, MSCI’s CTO, emphasized the transformative potential of generative AI. “The evolution in generative AI has set off transformative ripples across our industry. Collaborating with a tech titan like Google Cloud, we are poised to bring investors enriched, data-backed insights, magnify their decision-making process, and speed up portfolio application.”
For Google Cloud, the promise of generative AI is clear. As Thomas Kurian, CEO of Google Cloud, succinctly put it, “Generative AI is reshaping financial services. Our alliance with MSCI promises not just enhanced collaboration and insights for risk and portfolio management teams but a tangible step towards building climate-resilient portfolios.
The partnership undoubtedly marks a pivotal moment in the investment industry’s journey, marrying advanced technology with astute financial insight.